2024-05-10 Nuevo Sol News
2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend of the Exchange Rates
Looking at the provided dataset, the exchange rates (PEN) do show some fluctuation over the period. The range of the exchange rate is from as low as approximately 0.3672 to as high as approximately 0.3692. However, it is noteworthy that there is no definitive long-term increase or decrease trend observable within this dataset. Instead, there is a clearer pattern of shorter-term up-and-down fluctuations. Thus, over the period shown in the dataset, the exchange rate appears to remain relatively stable despite these smaller fluctuations.
Identifying Seasonality or Recurring Patterns
In time series analysis, it's important to identify any recurring patterns or seasonality, as these can give insight into expected future behaviours of the series. Taking a closer look at the dataset, it is not immediately apparent if there is any regular seasonality or recurring pattern. The fluctuations in exchange rate do not seem to follow a clearly identifiable pattern within the given time frame. However, further statistical analysis would be needed to definitively confirm whether there is any hidden periodic patterns or seasonality not visible by simply looking at the data.
Noting Any Outliers
An outlier is a data point that differs significantly from other observations. In this dataset, there does not seem to be any explicit outliers. All the exchange rates listed in the dataset are within a narrow range from approximately 0.3672 to 0.3692. There doesn't appear to be any instances where the exchange rate differs significantly from what would be expected based on the overall trend. This could suggest that the PEN exchange rate was relatively stable during this period. Nevertheless, without known average values, it is hard to conclusively identify outliers within this dataset.
Conclusion
Upon reviewing the dataset given, it can be summarised that the exchange rate looks fairly stable with minor fluctuations but no clear increasing/decreasing trend. Some minor short-term fluctuations can be seen but they don't seem to form an apparent periodical pattern. No significant anomalies or outliers appear in the data. However, without more context or data, these observations are merely cursory and a more in-depth statistical analysis may reveal more nuanced insights.